Best Business Checking Accounts – USA

Best Business Checking Accounts

USA – July 2024

All accounts are FDIC insured.
Compare fees to save costs.
Suitable for SMBs & self-employed.

Last Updated July 2024

All accounts are FDIC insured.
Compare fees to save costs.
Suitable for SMBs & self-employed.

Advertiser Disclosure

Business Banks	Monthly Fees	Card	Regulation	Benefits	Score
Our top choice 1	Free plan More info	Bluevine Debit Mastercard	FDIC	2.0% APY on positive balance up to $250k for eligible customers	9.8	Visit Site
Bluevine Review Payments Domestic Transfers Free ACH Transfers Wire transfers Standard ACH fee: $0 Same-day ACH fee: $10 Incoming Wire Fee: $0 Outgoing Wire Fee: $15 International Transfers Transfers to 32 countries outside the U.S in 15 currencies Outgoing transfer fee (USD): $25 foreign transfer fee: $25 + 1.5% on base payment amount Card Business debit Mastercard Cash Deposits and withdrawals available at 91,500+ Green Dot ATMs Checks Recieve: Check scanner. Send: 2 free checkbooks. After 2 checkbooks – $18.22 per checkbook, plus taxes and shipping. Checking Accounting Tools Bill pay Free unlimited invoicing Expense Management Payment approvals Security Features Deposits up to $3,000,000 are insured by Coastal Community Bank; Member FDIC and their program banks. Account Access Based on 7,503 reviews bluevine.com
2	Free plan More info	Relay Debit Visa	FDIC	Best-in-class accounting integrations	9.5	Visit Site
Relay Review Payments Domestic Transfers Free ACH Bank Transfer $5 fee for sending Wire transfer International Transfers Wire transfers $10 fee for sending Wire transfer Card Relay Debit Visa Cash Deposits available at 55,000+ AllPoint ATMs. Withdrawls are fee-free on any ATM Check Recieve: Check scanner Send: Mailed for you on-demand. Accounting Tools Billpay Savings account Free unlimited invoicing Expanse management integration with QuickBooks, Xero, Gusto, Yodlee and more Security Features Deposits up to $2,500,000 are insured by the Evolve Bank & Trust and Thread Bank; Members FDIC. Secure collaboration with accountants. Account Access Based on 1,204 reviews relayfi.com
3	$0 / $20 / $30 monthly fee More info	US bank Debit Visa	FDIC	Member FDIC	9.1	Visit Site
U.S. Bank Review Payments Transfers 125 transactions available for free $1 precessing fee for ACH transfers $0.50 on any additional transfer Domestic wire transfers Incoming $14 fee Outgoing $40 fee International wire transfers Incoming $16 fee Outgoing $75 fee Accounting Tools Billpay Cash deposit Savings Invoicing Security Features Deposit products (up to $250k) offered by U.S. Bank National Association. Member FDIC Account Access Based on 754 reviews www.usbank.com
Earn up to $800 bonus when opening a new, eligible business checking account online
4	Free plan More info	Grasshopper Debit Visa	FDIC	Earn up to 2.25% APY and 1% Cash Back	8.8	Visit Site
Grasshopper Review Payments Domestic Transfers Free incoming and outgoing ACH and Wire Transfer International Transfers International Wire Out: $25 International Wire In: $5 Checks Mobile Check Deposit & Mailed Checks Debit Card Visa Rewards Debit Card with cash back & virtual cards. Earn more with Visa SavingsEdge. Accounting Tools Quickbooks Bill Pay Autobooks Plaid Digital Invoicing Additional tools & Integrations available Security Features Grasshopper, Member FDIC. Deposits are insured up to $250,000. Clients also have access to enhanced FDIC insurance up to $125 million. Account Access Based on 112 reviews Grasshopper.bank
Best for self-employed 5	Free plan More info	Found Debit Mastercard	FDIC	Automatic expense tracking for self-employed	8.5	Visit Site
Found Review Payments Domestic Transfers Unlimited free ACH transfers Incoming Wire transfers only International Transfers N/A Card Business debit Mastercard Cash Deposit and withdrawal available at 79,000 locations Checks Check scanner Accounting Tools Unlimited free invoicing Expense tracking Tax estimation and saving tool integration with Stripe, Square, PayPal & more Security Features Deposits up to $250k are insured by Piermont Bank; Member FDIC Account Access Based on 265 reviews Found.com
6	$15 / $30 / $95 monthly fee More info	Chase Debit Visa	FDIC	Fee-free ATMs at 15,000 locations	8.2	Visit Site
Chase Review Payments Minimum Balance $2k min. balance Domestic Transfers ACH transfers: Outgoing: $25 per payment Wire Transfers: Incoming: $15, Outgoing:$25/$35 International Transfers Wire Transfers: Incoming: $15, Outgoing:$40 Accounting Tools Accounting integration Bill Pay Payment processing Invoicing Security Features Deposits up to $250k are insured by Chase Bank; Member FDIC Account Access Based on 1,474 reviews chase.com
7	Free plan More info	Mercury Debit Mastercard	FDIC	Up to 5.39% yield on your savings	7.9	Visit Site
Mercury Review Payments Cards Mercury Debit Mastercard IO Credit Mastercard Domestic wires Free USD international wires Free Currency exchange 1% rate Accounting Tools Accounting integration Money management Security Features Deposits up to $5,000,000 are insured by Choice Financial Group and Evolve Bank & Trust; Members FDIC. Account Access Based on 764 reviews mercury.com
Special Offer: Deposit $10K within your first 90 days and get $250 cash
8	Free plan More info	NorthOne Debit Mastercard	FDIC	Quick payments: Automated Bill Hub, Same-Day ACH	7.5	Visit Site
NorthOne Review Payments Card type Mastercard Business debit Checks Deposit checks from phone/web Send a check via mail Fee free ACH \| deposits \| transfers \| purchases Accounting Tools QuickBooks FreshBooks Patriot Zoho Books Security Features Deposits up to $250k are insured by Bancorp Bank; Member FDIC Account Access Based on 159 reviews northone.com

Score 9.8

Regulation FDIC

Monthly Fees Free Plan

Accounts

Based on 7,503 reviews

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Our top choice

9.8

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2.0% APY on positive balance up to $250k for eligible customers

More info + Free Plan

Score 9.5

Regulation FDIC

Monthly Fees Free Plan

Accounts

Based on 1,204 reviews

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9.5

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Best-in-class accounting integrations

More info + Free Plan

Score 9.1

Regulation FDIC

Monthly Fees $0 / $20 / $30
monthly fee

Accounts

Based on 754 reviews

Up to $800 bonus for new business checking

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9.1

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Member FDIC

More info + $0/$20/$30 month

Up to $800 bonus for new business checking

Score 8.8

Regulation FDIC

Monthly Fees Free Plan

Accounts

Based on 112 reviews

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8.8

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Earn up to 2.25% APY and 1% Cash Back

More info + Free Plan

Score 8.5

Regulation FDIC

Monthly Fees Free Plan

Accounts

USD

Based on 265 reviews

Learn More

Best for self-employed

8.5

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Automatic expense tracking for self-employed

More info + Free Plan

Score 8.2

Regulation FDIC

Monthly Fees $15 / $30 / $95
According to plan

Accounts

Based on 1,474 reviews

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8.2

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Fee-free ATMs at 15,000 locations

More info + $15/$30/$95 month

Score 7.9

Regulation FDIC

Monthly Fees Free Plan

Accounts

Based on 764 reviews

Get $250 when deposit $10K in the first 90 days

Learn More

7.9

Learn More

Up to 5.39% yield on your savings

More info + Free Plan

Get $250 cash when deposit $10K in the first 90 days

Score 7.5

Regulation FDIC

Monthly Fees Free Plan

Accounts

Based on 159 reviews

Learn More

7.5

Learn More

Quick payments: Automated Bill Hub, Same-Day ACH

More info + Free Plan

Understanding Business Banking – A Quick Guide

Navigating the world of business banking can be overwhelming, but it doesn’t have to be. Our quick guide offers a concise overview of the essential factors to consider when selecting a bank for your business. From analyzing monthly fees and account plans to assessing features and benefits, we break down the key elements that matter most.

By arming yourself with this knowledge, you can confidently choose the right banking partner that aligns with your business goals and financial needs. At our comparison website, we strive to simplify the process of finding the perfect bank for your business, so you can focus on what truly matters – growing your enterprise.

Understanding Business Banking – A Quick Guide

At the core, check for payment options, local and international money transfer services, corporate cards, account types and currencies available as well as invoicing and bookkeeping tools.

Look for accounts offering simple & clear-cut plans, minimal or no fees on transfers & payments and free withdrawal options.

All business accounts include corporate cards for you & your employees – either through MasterCard or Visa. Check how many cards are included for free in your chosen plan & how much each additional card will cost if required.

The banks we compare & review on Top10BusinessBanks.com are regulated by local authorities. FDIC regulates deposit insurance to at least $250,000

Look for built in expense reporting, scheduled/recurring payments & direct debits. Most banks also offer seamless integration with bookkeeping & accounting tools.

Today, some banks offer account access 24 hours a day, 7 days a week. While the majority of providers offer access via both mobile and desktop/web apps, some business banks only offer one or the other so check you have the access you need when selecting your preferred bank.

How to Compare and Choose the Best Business Checking Account?

Banking Features

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At the core, check for payment options, local and international money transfer services, corporate cards, account types and currencies available as well as invoicing and bookkeeping tools.

Fees

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Look for accounts offering simple & clear-cut plans, minimal or no fees on transfers & payments and free withdrawal options.

Corporate Card

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Security

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The banks we compare & review on Top10BusinessBanks.com are regulated by local authorities. FDIC regulates deposit insurance to at least $250,000

Accounting Tools

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Look for built in expense reporting, scheduled/recurring payments & direct debits. Most banks also offer seamless integration with bookkeeping & accounting tools.

Account Access

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Each business banking provider has specific requirements for opening a business checking account. The most crucial consideration is the existence of a de facto business. Clients must present an EIN, business incorporation information, and meet age requirement of 18+. US-based clients should present SSN (Social Security Number), a valid mobile number, and ID verification.

Business checking accounts are required for transaction purposes. As your business starts growing beyond a one-man operation, a business checking account becomes an invaluable resource. There may need to transition to a business checking account for many reasons, notably an uptick in recurring internal transfers. Other need may occur as a growing number of employees need access to business banking services, enhanced security, oversight, and control functions for management.

Business listed on our site are under FDIC protection against loss, theft, or bank closure. Fund are protected for up to $250,000.
Other security measures to be aware of include SSL encryption, and multifactor authentication.

Some brands like Relay and Bluevine offers extra security feature that allows Secure access for collaboration with accountants and team members.

Personal accounts are for personal use, while business accounts are for business use. Business checking accounts designed to manage incoming and outgoing funds transfers. By contrast, a personal checking account is used for managing non-business funds only.

FAQ

What’s required to open a business checking account?

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When is the right time to transition to a business checking account?

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What would protect my business checking account from theft?

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What’s the difference between a personal and a business checking account?

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Best Business Checking Accounts – USA

Best Business Checking Accounts

Advertiser Disclosure

Payments

Accounting Tools

Security Features

Account Access

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Accounting Tools

Security Features

Account Access

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Accounting Tools

Security Features

Account Access

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Accounting Tools

Security Features

Account Access

Payments

Accounting Tools

Security Features

Account Access

Payments

Accounting Tools

Security Features

Account Access

Payments

Accounting Tools

Security Features

Account Access

Payments

Accounting Tools

Security Features

Account Access

Understanding Business Banking – A Quick Guide

Understanding Business Banking – A Quick Guide

How to Compare and Choose the Best Business Checking Account?

How to Compare and Choose the Best Business Checking Account?

FAQ

FAQ